6,5% Austria Reverse Convertible Bond – in subscription

6,5% Austria Reverse Convertible Bond – in subscription

2-year term, annual fixed interest rate of 6.5% and barrier at 59% from Erste Group Bank AG, OMV AG and voestalpine AG


The 6.5% Austria Reverse Convertible Bond combines twofixed interest payments of 6.5% with a partial safety mechanism for the invested capital down to the barrier the barrier of 59%. The interest amount is paid out annually, regardless of the performance of the three underlying (Erste Group Bank AG, OMV AG and voestalpine AG.

The share basket of the Reverse Convertible Bond consists of three heavyweights of the Austrian economy::

  • Erste Group Bank AG is one of the largest financial services providers in Central- and Eastern Europe. The bank‘s core business lies within in the retail segment specialized on the Central and Eastern European regions.

  • OMV AG is an integrated oil and gas company, active both in the up- and downstream businesses. OMV has a balanced international upstream portfolio while its downstream oil and gas business features a European footprint.

  • In its business segments, voestalpine AG is a globally leading technology group with a unique combination of materials and processing expertise. voestalpine is also the world market leader in complete railway systems as well as in tool steel and special sections.

The certificate is redeemed at 100% of the nominal value at the maturity date (December 2023), provided that the daily closing price of each of the three underlying shares always quotes above the respective barrier of 59% during the observation period (daily observation).

If one of the barriers is touched or undercut by the daily closing price of at least one of the underlying shares and at least one of these shares closes below its strike at the final valuation date, solely the predefined amount of the worst performing share is delivered (percentage performance from the starting value to the closing price at the final valuation date).

Further information as well as the Key Information Document please find on Product Page.

Reverse Convertible Bonds - explained in an easy way

For any additional information you may require do not hesitate to contact us on +43 1 515 20-484.

The Team Structured Products of Raiffeisen Centrobank

Key facts:
  • Name: 6,5% Österreich Aktienanleihe
  • ISIN: AT0000A2U5S9
  • Subscription period: Nov 18, - Dec 17, 2021
  • Initial valuation date: Dec 20, 2021
  • Term: 2 years
    (Maturity date: Dec 21, 2023)
  • Listing: Vienna, Frankfurt, Stuttgart
  • Issue price: 100.00%
This is advertising that does not constitute investment advice, an offer, a recommendation or an invitation to submit an offer. Comprehensive information about the financial instrument and its opportunities and risks - see approved (basis) prospectus (including all supplements), published under www.rcb.at/en/securitiesprospectus. Additional information also in the Key Information Document and under "Customer Information and Regulatory Issues" at www.rcb.at/customerinformation. The approval of the prospectus should not be construed as endorsement of this financial instrument by the authority (FMA). You are about to purchase a product that is not simple and difficult to understand. We recommend that you read the prospectus before making an investment decision. The investor bears the credit risk of Raiffeisen Centrobank AG (RCB) when purchasing the financial instrument. The certificate is subject to specific rules that may already be disadvantageous in case of a probable default of RCB (for example, suspension of interest payments) - see www.rcb.at/en/basag. Certificates issued by RCB are no financial products as defined in the Regulation (EU) 2019/2088.
The Structured Products Team
T: +43151520484
E: produkte(at)rcb.at